Recently the vanadium market remained satble supported by the vanadium flakes and limited spot goods. Some steel mills tried to purchase spots which limited short selling, causing small fluctuations in the market.

　　1, Transactions of vanadium flakes performed good, while demand for vanadium powders and ammonium vanadate was weak.

　　The vanadium material market maintained stable. Major companies working on vanadium flakes were supported by long-term contracts, but small and medium producers with limited spots put pressures on the market. Downstream companies were looking forward to witnessing the reduction in its production cost, which seemed difficult to be done. Only a few deals had been concluded in the vanadium powder and ammonium vanadate market, mainly triggered by increasing demand for flakes. Without an apprant advantage on price, downstream enterprises will also make less purchase.

　　At present 98% vanadium flake and powder assessment unchanged at 26,5000-27,5000 yuan/t and 26,0000-26,7000 yuan/t respectively. The ammonium vanadate assessment maintained stable at 25,2000-25,7000 yuan/t. The transaction price of ammonium vanadate maintained stable at a price of 25,0000-25,5000 yuan/t, sending shock waves to the market. Vanadium flakes performed good, with large producers delivering long-terms orders and small and medium ones making less delivery, mainly affected by the high prices. Dowstream companies were afraid of purchasing without suitable orders. The vanadium powder market had not seen much transactions. Chemical companies purchased a few while vanadium nitrogen ones also reduced their purchase amount, which had impact on the supply and demand structure of the vanadium powder market.

　　2, Vanadium alloy companies maintained its quotations stable

　　The ferrovanadium market had experienced small fluctuations. Large steel mills made less tenders, but producer slightly adjusted its quotations. The market bothered by demand became more cautious. Currently The ferrovanadium assessment unchanged at 27,0000-28,5000 yuan/t, and many ferrovanadium companies, as we learnt, offered at 27,5000-28,0000 yuan/t. Most of them delivered bulk cargoes on the basis of inventories and production.

　　The vanadium nitrogen alloy market consolidated at a high level without much changes. Producers did a great job in maintaining the market stable. The market was bascially ascertained as steel mills finished tendering. Companies were concerned about the development of the subsequent market. Currently the vanadium nitrogen alloy assessment maintained stable at 40,5000-43,0000 yuan/t. The price made by steel mills mainly hoverd at 41,0000-42,0000 yuan/t. We learnt that a large amount of steelmakers replaced vanadium nitrogen with ferroniobium, and some small and medium companies also started to apply vnadium nitrogen so as to deal with new standards of screw thread. Therefore enterprises also carefully predicted the balance between the market demand and supply.

　　In conclusion, The vanadium market in China maintained stable, with small adjustments on its price, which exceeded some producers’s expectations. It was expected that the vanadium price is unlikely to experience big changes. Companieswere also waiting for next round of tenders.

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